Financial ratio analysis to assess financial performance village owned enterprises (Bumdes Barokah) Mlaras Village Sumobito District Jombang Regency
Abstract
An organization's financial performance can be assessed by looking at the results of the financial reports made each period. Financial analysis is not only seen from financial reports but can also be seen from financial ratio analysis. This research aims to determine the financial performance of Village-Owned Enterprises (BUMDes) in Mlaras Village, Sumobito District, Jombang Regency for the 2018 to 2020 fiscal year. The data for this research is the financial report of BUMDes Barokah for 2018-2020. The research results show that (1) the liquidity ratio is good and very liquid because there are no current debts, (2) the solvency ratio is very good because in carrying out its business it uses capital optimally, (3) the profitability ratio is very good by using capital and generating opinions and profits which is optimal, and (4) the activity ratio is very good, indicating that all assets can be used optimally.
Downloads
References
Anwar, G., & Abdullah, N. N. (2021). The impact of Human resource management practice on Organizational performance. International Journal of Engineering, Business and Management (IJEBM), 5.
Arikunto, S. (1998). Pendekatan Penelitian. Jakarta: PT. Rineka Cipta.
Arikunto, S. (2015). Metodologi Penelitian Suatu Pendekatan Proposal. Pt. Rineka Cipta.
Arikunto, S. (2019). Prosedur penelitian suatu pendekatan praktik.
Bahtiar, A. S., & Karim, A. (2021). The Role of BUMDes in Sustainable Economic Development at Enrekang Regency. Journal of Logistics, Informatics and Service Science, 1, 117–132.
Barauskaite, G., & Streimikiene, D. (2021). Corporate social responsibility and financial performance of companies: The puzzle of concepts, definitions and assessment methods. Corporate Social Responsibility and Environmental Management, 28(1), 278–287.
Chang, V., Baudier, P., Zhang, H., Xu, Q., Zhang, J., & Arami, M. (2020). How Blockchain can impact financial services–The overview, challenges and recommendations from expert interviewees. Technological Forecasting and Social Change, 158, 120166.
Deller, S. C., Lamie, D., & Stickel, M. (2020). Local foods systems and community economic development. Local Food Systems and Community Economic Development, 4–30.
Gofwan, H. (2022). Effect of accounting information system on financial performance of firms: A review of literature.
Hermanto, A., Purwoko, B., Widyastuti, S., & Rachbini, W. (n.d.). THE INNOVATION DEVELOPMENT OF COMPETITIVENESS AMONG VILLAGE-OWNED ENTERPRISES AGENCY (VOEA) IN THE PROVINCE OF WEST JAVA, INDONESIA.
Himawari, W., & Mohammad, W. (2023). The Effect of Net Profit Margin (NPM), Return on Equity (ROE), and Return on Asset (ROA) on Stock Prices Based on Closing Price in the Food and Beverage Industry. Himeka: Journal of Interdisciplinary Social Sciences, 1(1), 13–21.
Iswoyo, A., Fauzuddin, Y., Lutfillah, N. Q., & Indrawati, T. (2021). Performance Measurement in the Village-Owned Enterprises Tourism Business Units. Proceeding The First International Conference on Government Education Management and Tourism, 1(1), 632–646.
Krstić, B., Bonić, L., Rađenović, T., Jovanović Vujatović, M., & Ognjanović, J. (2023). Improving Profitability Measurement: Impact of Intellectual Capital Efficiency on Return on Total Employed Resources in Smart and Knowledge-Intensive Companies. Sustainability, 15(15), 12076.
Kumar, R., Singh, R. K., & Dwivedi, Y. K. (2020). Application of industry 4.0 technologies in SMEs for ethical and sustainable operations: Analysis of challenges. Journal of Cleaner Production, 275, 124063.
Nugroho, T. W. (2020). Performance Analysis of Village-Owned Enterprises Based on Financial and Management Aspects in Blitar Regency, East Java. Habitat, 31(2), 64–77.
Potočan, V., Mulej, M., & Nedelko, Z. (2020). Society 5.0: balancing of Industry 4.0, economic advancement and social problems. Kybernetes, 50(3), 794–811.
Purba, J. H. V., & Septian, M. R. (2019). Analysis of Short Term Financial Performance: A Case Study of an Energy Service Provider. Journal of Accounting Research, Organization and Economics, 2(2), 113–122.
Purbawangsa, I. B. A., Solimun, S., Fernandes, A. A. R., & Mangesti Rahayu, S. (2020). Corporate governance, corporate profitability toward corporate social responsibility disclosure and corporate value (comparative study in Indonesia, China and India stock exchange in 2013-2016). Social Responsibility Journal, 16(7), 983–999.
Ramly, A. R., Wahyuddin, W., Jullimursyida, J., & Mawardati, M. (2020). Business Analysis Of Village-Owned Enterprises (Bumdes): A Poverty Reduction Strategy (Case Study Kuala Sub-District, Nagan Raya Regency). Proceedings of the 3rd International Conference on Economic and Social Science, ICON-ESS, 17–18 October 2018, Banda Aceh, Indonesia.
Steiss, A. W. (2019). Strategic management for public and nonprofit organizations. Routledge.
Sugiyono. (2015). Metode Penelitian Kuantitatif, kualitatif dan R & D. Bandung: Alfabeta, 90. https://doi.org/10.1017/CBO9781107415324.004
Sugiyono, P. D. (2019). Metode Penelitian Kuantitatif, Kualitatif, dan R&D (Sutopo. Bandung: CV. Alfabeta.
Syukri, M. (2022). Indonesia’s new developmental state: interrogating participatory village governance. Journal of Contemporary Asia, 1–22.
